Trump has imposed 25% tariffs on $250 billion worth of Chinese exports and is preparing to expand them to cover another $300 billion. No talks are planned in Beijing or Washington before the Osaka event, U.S. Treasury Secretary Steven Mnuchin told reporters over the weekend. Washington last month put Huawei on a blacklist that effectively bars U.S. firms from selling to the company without government approval. Apart from the U.S. pressure, which has effectively shut Huawei out of the world's most lucrative market, growth in smartphone sales overall has been slowing. And some phone carriers, such as Japan's SoftBank Corp. and KDDI, have delayed sales of Huawei brand smartphones to assess their safety, potentially detracting from earlier forecasts.

Source: ABC News June 11, 2019 05:51 UTC